XetaWave exercises buy option on leased building

LOUISVILLE — Radio-maker XetaWave LLC has purchased the building in Louisville it had been leasing.

XetaWave, which makes radios that transmit data from field operations for oil and gas and wind-energy companies as well as for the military, exercised a buy option and paid $1.79 million to AvaDan LLC for the 16,740-square-foot building at 248 Taylor St. in the Colorado Technology Center, said listing broker Andrew Freeman of Boulder-based Freeman Myre Inc.

A year ago, XetaWave moved 23 of its employees from Boulder into 10,000 square feet of the building, and moved the remainder of its staff in Boulder to the building in June. At the time, Jonathan Sawyer, founder and chief executive of the company, said XetaWave was entering a growth period.

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Sawyer did not respond Thursday to a request for comment about the building purchase and the company’s growth.